Finally! A new source of funds for SMEs

10/22/2014 admin Small Business Finance

New capabilities granted to Efic, Australias export finance agency, will make it easier for small- and medium-sized Australian businesses with export operations to access much needed finance. It will be no surprise to many small business owners that access to finance to operate, to grow, or to expand is an enduring challenge. We know from […]

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Missouri Suburban House Filled with 6000 Brown Recluse Spiders

10/22/2014 admin Filing Bankruptcy

At the end of the civil trial, the jury decided to award the Trosts $472,000 but it was not enough to keep the couple from filing bankruptcy and they moved out in 2012. State Farm also never paid the family for the issue. According to KTLA, the family had to pay $100,000 in legal fees […]

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Report: ‘Wonder Boy’ Developer Filing for Bankruptcy

10/22/2014 admin Filing Bankruptcy

Japanese developer Westone Bit Entertainment is facing bankruptcy after nearly 30 years in business according to a report in Game Watch Impress (as translated by Sega Nerds). Westone is best known for creating the 1986 8-bit hit Wonder Boy (released in America as Adventure Island) and the popular Monster World series released on the Sega […]

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Lamson on the rebound from debt

10/21/2014 admin Small Business Finance

SHELBURNE FALLS — Two local investors have helped the 177-year-old Lamson Goodnow Co. cutlery restore its operations, in hopes that increased sales and profitability will pull the company out of the red — and out of bankruptcy protection. In August, the company filed for Chapter 11 protection in US Bankruptcy Court, to hold off creditors […]

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P2P Lender SocietyOne Offers Free Credit Scores, Users Crash Site

10/21/2014 admin Credit Scores

I guess this is a sign of success. ¬†We announced earlier this week that Australian peer to peer lender SocietyOne was going to offer free credit scores on their stand alone site GetCreditScore. The site fired up couple days ago and it has not been able to keep up with overwhelming demand and continues to […]

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Vehicle purchases are up, and so are late payments on loans

10/20/2014 admin Less Than Perfect Credit

Sales of new and used vehicles in the US continue to be strong in part because Americans are taking out longer and longer loans to buy them. And drivers with less-than-perfect credit histories are able to find lenders willing to finance their purchases. Late-payment rates were up in the second quarter of this year, TransUnion […]

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Cost of Natchez Regional Medical Center sale, bankruptcy tops $1.6M

10/20/2014 admin Filing Bankruptcy

NATCHEZ — Natchez Regional’s sale and bankruptcy proceeding racked up approximately $1.6 million in professional fees by mid-August, internal hospital records indicate. A document obtained last week that was circulated at a recent Natchez Regional Medical Center Board of Trustees meeting detailed $1,576,300.14 in professional fees from mid-2013 through Aug. 11. The list of professional […]

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filing bankruptcy

Seda urges institutions to support small projects

10/19/2014 admin Small Business Finance

THE Small Enterprise Development Agency (Seda) on Wednesday sounded a call to action for both private and government-controlled institutions, urging them to support scalable projects and reduce micro-financing, which is depleting funds for developing small to medium enterprises (SMEs) in the country. We need to focus on real entrepreneurs who will help grow the economy, […]

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small business finance

Women Need To React Sooner and More Aggressively When It Comes To …

10/18/2014 admin Filing Bankruptcy

I read the article recently posted by Tanya Raheel on why women need to change the conversation around money and finances. While I cant relate to her conversation about weird cosmetic procedures and hormonal health, I can say I agree that women need to act sooner, and much more aggressively, when it comes to their […]

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Toby Chance: Communist Ministers strangling infant Small Business Department

10/17/2014 admin Small Business Finance

Over a cup of tea recently, my friend and former colleague Erika vd Merwe of the SAVCA urged me to make contact with the DA’s Shadow Minister of Small Business, Toby Chance. Not just because he is well educated and unafraid to express his strong opinions on economic policy. But, she said, he looks like […]

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